Cooperation enhanced 
South Korean Hyundai Merchant Marine (HMM) and Ceva Logistics, an affiliate of CMA CGM, are tightening their relationship and increasing the level of collaboration. The new agreement, which will last into 2025, builds on the two companies existing cooperation and brings Ceva’s... more
New cargo airline in Vietnam
Vietravel Airlines officially signed a cooperation agreement on investment and development of air cargo services (Vuair Cargo). With the intention to diversify products and complete the ecosystem of Vietravel Corporation, Vietravel Airlines and Asean Cargo Gateway (ACG)... more
When a tiger swallows eight cheetahs
A B747, whose nose had been decorated with a gigantic face of a tiger during its time with the Russian Transaero Airlines, which went bankrupt in 2015, transported five female and three male cheetahs from Namibia to India at the end of last week. The animals, which were... more
Slump across the board?
Reuters reports that Fedex lost approximately USD 12.5 billion in market capitalisation after it withdrew its original financial forecast on 16 September 2022 and predicted a USD 500 million drop in turnover for 2022. However, some bank analysts did not agree with Fedex’s... more
Two Chinese musketeers
In an alliance between a local and an overseas player, Quanzhou Ansheng Shipping and China United Lines (CU Lines), have assigned twelve large vessels of over 20,000 teu. The units will be deployed on both transpacific and Asia-Europe lanes. After entering into the... more
Continuing to catch up 
Iata ranks leading cargo airlines post Covid-19. Iata’s member airlines improved their air cargo performance when measured in ftk by approximately 18.7% last year, compared to 2020. The improvement vis-à-vis the previous (pre-pandemic) year stood at 6.9%. Some airlines are still... more
Cosco going the whole hog
Cosco Shipping is preparing another major investment. The Chinese carrier is to spend USD 4.9 billion on expanding its fleet in order to rise in the rankings and improve its position among the major global shipping companies. The group will invest the funds from 2023 to the... more
Plans for intercontinental capacity clarified
PSI Air 2007, a Philippine airlines that began flying in 2020, has acquired its first widebody jet, a B777F, to be used in launching in-house intercontinental cargo flights. In its application to the US department of transportation for exemption authority and a foreign air... more
Second ULCV for Evergreen is on
The Taiwan-headquartered carrier Evergreen Marine has taken delivery of the second 24,000 teu containership from Hudong-Zhonghua Shipbuilding. The mega container ship “Ever Aria” follows its sister ship “Ever Alot” delivered in June this year. Both newbuilds have been flagged in... more
What crisis? It’s an opportunity!
In conversation with Nurgül Karabaki, LAM’s airfreight business development manager. Turkey’s skies are full of airfreight activities. Might the Iata World Cargo Symposium, which was scheduled to take place in Istanbul in 2020, return to the Bosphorus again next year? The... more